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their fair share too as we work towards deficit reduction. so our senate budget locks in tax cuts for the middle class while closing loopholes and cutting wasteful spending in the tax code. and our budget uses that new revenue from the wealthiest americans and big corporations for deficit reduction and for investments that support our economy and strengthen our middle class. now the house republican budget, which we'll vote on tonight, does the opposite. according to the tax policy center, the tax plan in the house republican budget would cost nearly $5.7 trillion in lost federal revenue. and the majority of that lost revenue will benefit the wealthiest americans. and just like past house republican budgets, it's once again pretty unclear how this budget would pay for all those tax cuts that are skewed toward the wealthiest. but the reality, mr. president, is that to achieve the goals that are laid out in their budget, house republicans will either have to add to the deficit, meaning their budget might not actually balance as they claim, or they're going to have to raise taxes on
shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead. >>> and later, giving new meaning to the term zombie economy. >> they see you as killers. they're training to attack. >> i'll tell you what, next time you see phillip, you tell him i'm going to take his other eye. >> the creator of "the walking dead," robert kirkman, attributes part of his show's success to the financial crisis. kirkman will join me later to explain. you're watching the "closing bell" on cnbc, first in business, worldwide. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i
that would be devastating for our families and the economy, dismantling medicare and ending up cutting taxes for the rich while raising them on the middle class. and not only that, but it did rely on gimmicks and tricks to hit that arbitrary date. there is nothing balanced about that kind of approach, and i'm very glad that every member of the senate had an opportunity to be clear about where we stand on that. mr. president, the senate also voted yesterday to specifically reject the idea that medicare should be dismantled or voucherrized. i'm glad we had strong bipartisan support on that amendment. we also voted clearly for the idea that while both sides favor closing tax loopholes and ending wasteful reductions that favored the wealthiest americans and biggest corporations, the senate thinks some of that revenue should be used to tackle the deficit and invest in the middle class, not be used just to simply cut tax rates for the rich the way that the house budget did. so, mr. president, we have a few more hours of debate this morning between now and 11:00, followed by some votes, and then we
is trying to shoot down this tax on a medical device maker. >> the medical device packs is something that is a pretty bipartisan bill. you will not see a lot of bipartisanship there. dagen: brad, final word. do we really know what this will cost us as a nation and individuals? >> we look no further to the entitlements that the government had to perform before obamacare. medicare, renegade is going bust on its own. we created a whole new entitlement program where we could not even administer properly and provide the coverage to those already admitted. it is on a pathway to unsustainability unless something is done to change those programs. i have no confidence that obamacare will have any more success than the two programs i mentioned. dagen: thank you both. the well. connell: senators getting set for a marathon with back-to-back voting. they will be voting on amendments that protect the budgets. dagen: rich edson is live in washington, d.c. with more. rich: most of them are designed to get the other party to take difficult votes. the republican amendment drew more than 30 democrats i
putting this tax on deposits, what happens from there? what's the fallout? i mean that's a big deal? >> well, i think capital controls at this point is inevitable because even if, even if there is a deal, unless you have capital controls, there is going to be a massive is run on these banks the minute they open. but again, i mean we need to look at what is the alternative here? if you don't do the levy over 100,000 euros, you know, you are going to have a risk of the collapsing of all of these banks, in which case, not only the insured but also the uninsured depositers lose much more because the reality is in cyprus, the level of insured depositers is 180% of gdp which means that unless there is a deal, both insured and uninsured deposits basically evaporate. melissa: okay. lance, let's talk about what are the other options. >> sure. melissa: you talk why has the e.u. not gotten involved? is it their best interest to get involved? because if they don't, doesn't it mean russia sinks their hooks even further into this island nation? they would be the ones to come in and do this bailou
-20 last night to repeal part of obamacare. a tax on medical devices from hip replacements to mri machines. >> this is about innovation about jobs. >> other taxes are in place, including a $100 billion tax on insurance premiums. that will cause the average person $100 a year. part of the financing for what the president sees as his signature policy achievement. >> after a historic vote, healthcare reform is not an unmet promise. law of the land. >> some of those who know the business next are skeptical. >> a great misconception about the obamacare is just because you have health insurance you will get adequate healthcare. nothing could be further from the truth. >> obamacare will pay less to providers and increase number of insured by 30 million. >> patients don't get the services rendered because the tok torsent to provide them at the below market cost. >> obamacare expand the demand for care. it doesn't do anything about supply. >> they agree on one thing, the success is whether the young and healthy people sign up for insurance in large numbers. >> the government has to enroll people to
of state offer tax inaccepttive to intyce business to the state and i'm for lower taxes. then i broke down the numbers. new york state is offering tax credit, not simply tax deductions. estimated at or near 24 a year. i can say the taxpayers of new york would not only not collect any taxes from the "tonight show" they will toll out steps of millions in subsidiaries to nbc. we ask, was nbc, fallon and the crew of rich fat cats need that money? >> bob: are you asking me that question? >> eric: yes. >> bob: sorry. let me -- >> eric: here is the crux of the question. >> bob: i got it. i got it. >> eric: give them free money. >> eric: i don't understand that the states that entice people to production like michigan, is it that they lose money? or don't make money? this is what happens. we give you $24 million but the economic activity that you bring when you come to the city, make up for it that way. >> dana: i think this screams need for tax reform. this is so warped that for cuomo can't get his arms around the fracking issue. issuing the time regulations or whatever law they need. so they bui
of republicans that i grew up with, the conservative business, low-tax republicans, and it is a natural generational fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. [laughter] when the mayans predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology, that is m
to the bottom of that? are we about to see a national internet tax, a tax on everything you buy online? it is on the hill today, and you need to see this report before your next click. and no more carrots. remember those thing. american tourist. you couldn't fit that in a carry-on if you tried. a major carrier experimenting with no more carry-s on. leave the luggage behind. you goat sit down first. it's a big change in the way america waits in line and flies away. sue is off today. simon is at the new york stock exchange. simon? >> and tyler, i'm slightly concerned for your european whack a mole you seem to have a very brutal hammer. let's move on and check where we are with the markets. after so many golden weeks of gains, it's been a little bit rough, but about 90 minutes ago we went positive. the dow went positive for the week. we were up over 90 points just shy of that, as you can see. let's have a look at where we are on the s&p right now. 1555 as we head into the weekend. we'll check on golds and brented a we work our way through the program. let's see what the mood of bob pisani
paying. they paid a tax shillings to the pound. another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and made to pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the librarian who knows i am reading papers to look for clearance notices and says, there's your answer now you know why they left. newspaper mentioned the establishment of insolvant commission. in commission states the tax afforded the clearance amongers the most effective means of getting rid of this agricultural population. some landlords were praised as humane for forgiving 3-4 year's rent or accepting what people could pay. these landlords were in the minority and the landlord of cottage where nie family lived was not among them. rate payer books for
now, speaking of cyprus, the idea of confiscating people's income after already been taxed sent a chill far beyond cypress. could that happen here? that is question we ask steve forbes, fox chairman and editor-in-chief. he has thoughts on that you don't want to miss coming up on the "countdown to the closing bell" -- "after the bell" [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪
plus tax increases and have net spending increases and when he you have a trillion dollar deficit, we need to work on our spending and when the other side is offering even more spending increases and even more tax increases, more borrowing, we're still kind of worlds apart. >> greta: i went through the budget and it's very complicated, at least i think it's complicated. and i want to go to different provisions i understand. let me start with medicare. under your program it doesn't affect anyone over age 55. >> if you're born in 1958 or earlier, it doesn't affect you. meaning you stay in the current medicare program just as it's designed now. in addition we get rid of the obamacare independent payment advisor board. the board of 15 bureaucrats next year in charge of cutting medicare in ways that medicare will lead to denied access to current seniors so we don't think we should change medicare for current seniors, which is what obamacare does, we propose a new system for younger people that works like what we have in congress. >> greta: and as i understand it, there are two choices unde
, and opportunity. they are clinging to the status quo. more taxing, more spending, more borrowing. we owe the american people a responsible, balanced budget. that's what we are delivering today. and i urge support of this resolution. >> well, paul ryan's pitch worked. 221 house republicans backed his plan that seeks to slash almost $5 trillion in spending and balance the budget in ten years. senate democrats promptly voted the ryan plan down last night. with me now michigan democratic congressman sander levin the top dm on the ways and means committee. i know you've spoken out forcefully against the ryan budget. let me ask you this. where do we go? republican controlled house, democratic controlled senate. obviously the senate made very clear the ryan plan was not their vision for the future of budgeting in this country. where do we go? how do we resolve these differences on where to spend money and why? >> it is going to be very difficult. the republican conference has really become radicalized. i was reading a clip from politico a few days ago that had republicans in georgia saying they
for the taxes and we have our plans we were hoping to get a big surprise for the kids which is the swing set for christmas and it did not happen. as a parent as a mother it's hurtful. >> did they catch the person who did it in your case? >> not that i know of. >> how long ago? >> this started actually february of 2012. >> anderson: and what do you do about it? when you called the irs were they helpful? >> the first thing that happened -- >> anderson: that was a dumb question. i know the answer to that one. >> this is a huge problem because this is happening to the tune of $5.2 billion in lawsuits for the irs. the money they pay they have to pay you again. but it's taking forever, right what do they tell you? >> they tell you you will go through this step and that step. the first thing that happened we had to call the department which gave us to another department which was about fraud. and the line that i had to stand in was for hours and after that they tell you it will be 90 days which is more like nine months. >> right. what they tell you you will get your money right? >> yes,. >> which m
of the newest senators go on the record voting for or against spending or higher taxes. the budget would be nonbinding so would act as guidelines for the u.s. government. but at the heart of the debate, how do you reduce the government's massive budget debt, and changes in taxes and spending. today the top democrat and the republican had their say. >> both sighs favor closing took loopholes that favor the wealthiest americans, and the senate thinks shouldsome revenue should be idea to tackle the deficit and invest in the middle class, not just simply cut tax rates for the rich. >> usually you can tax more and spend more and borrow more and that will somehow create growth and prosperity. i believe we have had four years of that experiment, which i fundamentally doubted and opposed from the beginning. and it hasn't worked. >> shepard: regardless of whether it's worked or hasn't, the insiders say the democratic budget will likely pass. mike emanuel is in washington. how has the vote been going and what's it like in there so far? reporter: we expect starting any moment they'll vote on a seri
premiums and insurance costs are rising sky-high. so are taxes. and small business costs are reducing profits by as much as 65% according to one small business owner we will talk to tonight. and the virtues of a free market capitalism that we talk about every night on this show are now forbidden fruit at stanford university. a popular long running pro capitalist course at that school has now been cancelled. what is up with that? "the kudlow report" begins right now. >>> first up, a major vote in the cyprus parliament helping to get that country closer to a teal with the european union. michelle caruso-cabrera joins us from cyprus again this evening with the very latest. good evening, michelle. >> reporter: larry, lawmakers here in cyprus taking a huge step tonight to prevent the financial collapse of their country. they pass ad law that will allow for the restructuring of their banks. this essentially means their sickest and largest banks will be down sized and made more healthy. this was a key demand by the european partners in order to secure a 10 billion euro bailout for the countr
, the senate votes to repeal an obamacare tax. there's a headline for you. good morning, everyone. it's the medical device tax and the vote to strike it down 79-20, overwhelming abipartisan, the it helps to fund obamacare, upwards of 40 million people will face huge health insurance cost increases next year. could it be that obamacare is unravelling? don't forget cyprus, civil society is unravelling there. they're running short of gas and basic supplies and they've got 72 hours to come up with big money or else. don't worry, stocks will be up again just a few minutes from now. "varney & company" about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. sta
of constants. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are n
at the tax store... i did your taxes. i thought you were a tax expert? announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. we throw out over $500 ziploin food every year.. help save more of it with ziploc freezer bags featuring smartzip. edge to edge protection you can hear. get ziploc. and get more out of it. [ female announcer ] s.c. johnson. a family company. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. >>> sarah haynes has dug up the next video you'll want to share with all your friends. >> this one is kind of gross. >> what do you do when your friend is afraid of changing your baby? if you're jason hunter, you surprise him with a "dirty" diaper. that's what it looks like, but it's chocolate. spoiler alert. >> jason! >> this guy literally has a phobia. >> he swears he can smell a dirty diaper. >> jason! >> he literally
trade that stuff and make money off of it if you buy enough quantity. it is triple tax-free. anything related to california, municipalities, people are buying them. they are buying them at discount and they are trading them. they are clipping the coupons. do they hold them until maturity? maybe not. here is one more, yankee stadium that that was issued to basically build the garage, again, buying with pennies on the dollar. you do not necessarily hold it until maturity. this is a trade. trade detail risk. big risk here. you can make some money. >> i will follow your advice and not go into this market. california, basketcase when it comes to taxes. it seems too low if they are trading at pennies on the dollar. charlie: it is the real distress stuff like this west virginia tobacco bonds. why aren't the tobacco bonds distressed? when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his abil
on the record for the first time. voting for or against changes in spending and tax hikes. mime immanuel is live on capitol hill. these votes, a lot more rapid fire than we are used to seeing out of that senate. >> that's right, shep. voting on anywhere from 25 to 30 amendments. the senate democrats' budget among the tough topics. abortion, taxes, and bailouts. so democrats on the 2014 ballot including mary ahead expeditiously. >> the senate will come to order. >> so i would just let all senators know you leave at your own peril. >> and senator murray's budget is expected to come up for a vote late night tonight with 55 democrats in the senate. it is expected to have enough support, shep. >> shepard: some surprising amendments to this thing here? >> that's right. there was something called the marketplace fairness act that just got 75 votes. supporters say it is designed to level the playing field for traditional merchants trying to compete with those on the internet in terms of taxes and it did earn bipartisan support. >> i have a very conservative friend over here on the republican side who sa
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> all right. check it out. because punxsutawney phil is a wanted animal. an ohio prosecutor is not happy with the famed groundhog's prediction of an early spring. like much of the northwest and mideast it's frigid in the buckeye state and the prosecutor says he wants the ultimate, the death penalty. >> it's definitely not spring, it's a snowstorm and temperatures in the teens and when i came to work in the wind and the cold, i said to myself something's wrong with phil, you know? punxsutawney has some answers he has to give. i'm going to indict phil and taking the death penalty because let's face it phil is already behind bars with a life sentence. what else is left? >> before you write to complain, the prosecutor admits he has fun and the story has legs. here is a copy of the official indictment. >> poor punxsutawney, can't get a break. >> and the powerball jackpot 320 million. >> i've got my
of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to treat them equally and with the same ferocity. and i do not. >> thing that is most frightening about what you just read is that this has become the norm. i want to thank you for bringing this up. even ba
passenger bus and several semi trailer trucks. >> coming up, fighting crime one bullet at a time, a new tax proposal by east bay lawmaker that is getting attention in crime-troubled oakland. >> nimble at a was, the technology apple could be working on to protect your hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. >> don't you hate it when you drop your iphone and it breaks in apple has new filed a patent to protect accidents like that. the technology mimics the way cats protect themselves in a fall and detects the falling motion and shifts the weight so it falls on the side that will cause the least damage. this is just one of many patents the cupertino-based company owns. it is unclear whether it will make it to new iphones. but for clumsy people like me, i am waiting.
and -- >> excuse me: >> the current situation calls for new taxes and medallion demand and supply created this business. the evolvement -- san francisco minimum wage and inexperienced drivers are hurting the cities respect ability the city as lost the america's can cup share of the anticipated refer revenue. there is an event tonight. the airport and streets are not able to afford and maintain a lot of what government and employees want for the city the investment isn't there the milking is tell your constituents to pay for the luxuries taxi cabs are a luxury as evidence by demand. if everyone made as much as 10 years ago the story would be very different. the real pig here is real estate that most people cannot afford. the oldest bakery in paris -- now they are no longer open. keep the city respectable and the gem that it is and magnificent applause. >> thank you. my name is mic -- you have spoken already? >> yes. >> the rules of the city of san francisco thank you very much. next speaker please come forward? >> my name is stewart -- i am a driver and an owner. i drove last frid
. that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose their jobs and benefits. >> cyprus needs to raise 5.8 billion in order to qualify for the bailout. its eurozone partners in the imf would then provide 10 billion euros in rescue loans. the fund raising measures under discussion include plans to restructure the country's second biggest lender and tapping state pension assets. >> all right, our correspondent is k
in the entitlement programs and have you debunk them one by one. the first lie the payroll tax hike is killing the retail economy. that is false there? >> well, there are a couple of things false there. first of all there is no payroll tax hike. what happened on january first was that the payroll tax rate was restored to what it was two or three years ago. let's not forget what we're bound to forget at one point or another that we reduced the payroll tax on employees by 2 percentage points as a way of producing relief in these economic hard times for americans. so it was really an economic relief program not a cut in social security tax. and i think what is it really at work here is that critics of social security are the enemies of social security want to paint the program as though it's too expensive for america to sustain. that's really--that is really a lie because in fact social security benefits in this country are far--they're paul trypaltrycompared to what other countries have. >> cenk: that leads to lie number two entitlement benefits for millionaires and billionaires is a huge proble
to kick out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long have we had 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on deposits all these years? what about prices? because the federal reserve does quantitative easing, food prices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly, and i think the honest approach is better. shibani: they make parallels in cypress, and what you mentioned happens here in the u.s., but the levy on bank deposits, this is what is causing a storm, and it's really getting people upset. are you concerned about any kind of precedence this could bring into the industry into europe and what it could do to banking confidence as a whole because when you start to hav
of this is good for san joyce yeah. and san jose didn't have to give up tax breaks because they did not get involved in the bidding for the ncaa games. >> david, thank you. >> that is cool. >> yes. >> yes i've decided not to sell the weather i'm just going to give it to you. live doppler 7 hd take a look at the great second day of spring. wind advisory in effect for a large part of the area. parts of sacramento county, san joaquin county includes delta. this from 8:00 in the morning to 7:00 tomorrow might. first live view from our mount tam camera looking at ocean beach, clear skies, temperatures 56 degrees in san francisco. 62 oakland. another live view from our sutro camera. 66 livermore, on we go clear but gusty conditions overnight. sunny, mild tomorrow, friday. and this pattern holds into the weekend. talking about high pressure dominating our weather now, satellite shows animation and nothing changing just clouds passing well north. what is changing is that we've got dry off shore wind flow that is going to increase over the delta. overnight so we have a computer projection of wind gu
employees faced off on riot police on the controversial to tax bank accounts. >>> here at home. congress is forcing the postal service to continue saturday day delivery. they announced that it would switch in august to five-day service for first class mail in order to save two billion dollars. they lost $16 billion last year. today the house approved what the senate already passed a spending bill that continues the requirement for 6-day mail delivery. it now goes to the president for his signature. >>> walmart stores in san jose will soon be offering a smarter way to shop. they expanding a pilot program called scan and go. it let's customers scan items by using an app on the their smart phone. shoppers can see the running total of their items and use a self-checkout screen when leaving. the program is expanding to about 70 wall marts marts to more than 200 across the country. no doubt it will continue to expand. >> first lady has been crowd fashion royalty by britain's sunday times style magazine. this is their cover. check it out showing her wearing a crown on a british first class post
going to go back to the original plan of taxing deposits. i am toll that's not going to be submitted to the troika. that may be the pipe dream of some in parliament. ladies and gentlemen, back to you. >> thanks, michelle. i was looking at the european bourses and i mean, if they can't sell off on this, and it's on -- you know, it's 0.2% of their economy and, you know, we're worried about whether there's any ripple all the way over to us. >> it may want be an instant market reaction, though. it may be something that's more of a concern about whether there would be other countries that step out of the eu. >> don't you think the markets could anticipate whether there would be further trouble or not? >> i don't know. i think this is -- >> we would be seeing it if it was really -- if they he can't sell off in europe, we shouldn't be looking at it at all for our markets here. >> no. michelle, what's that? >> i know you're over there, but you don't care. >> the one ripple effect i can think of is -- the one ripple effect i can think of is that if when they wind down this bank, there's some
together. during my time in public life, i've been a tax auditor, tax commission. i've been and attorney general. so this is an area that a think i've kind of two perspectives on but how difficult it is to do security, how difficult it is to wake up every day and realize primarily your mission is to protect this country and to protect people. but the only we can do it is when we are held accountable for how we do it. and we are in a time of pretty tough budget questions. and when we have 10 years where we are not able to pass audits it gets increasingly difficult to justify to the american public that we are doing the right thing here. now, i'm new to this, and i can tell you maybe if i sat through 10 hearings like this on a gao audit i would be a little tougher. but i want to give you an example of why the american public is frustrated. recently in north dakota you guys removed three scanners, full body scan is, to move to other locations, to replace scanners that you had to replace because they did not pass privacy measures. minot, north dakota, is a place of great economic growth. in
tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law. where do you find the money. heather: there are 20 new taxes included to pay for it. bill: we're just getting started. chinese former nasa contractor under suspicion of stealing u.s. secret
earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two dozen sounds of the 20th century being added to the national recording registry. they are forever being recorded for cultural importance. that's your five at five. >> great stuff. president obama just arrivin
, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. host: what is actually happening? you laid out a lot of discussions taking place at your workplace and terms of various scenarios, how things can be handled. a few, what is happening? caller: i am in education, and we have civilians students and military in the same classes. of t
a proposed online sales tax. [ man ] i got this citi thankyou card and started earning loads of points. we'll leave that there. you got a weather balloon, with points? yes i did. [ man ] points i could use for just about anything. go. ♪ keep on going in this direction. take this bridge over here. there it is! [ man ] so i used mine to get a whole new perspective. [ laughter ] [ male announcer ] earn points with the citi thankyou card and redeem them for just about anything. visit citi.com/thankyoucards to apply. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ been waiting for the price then hurry, sleep train's beautyrest and posturepedic clo
-year spending plan written by democrats. they call for higher taxes to fund government programs. house speaker john boehner remained skeptical. >> the budget that senate democrats are considering never balances, ever. that means more debt, fewer jobs and, frankly, much higher taxes from the american people. >> sreenivasan: the negotiations over these competing party visions for governing will begin in earnest when president obama submits his spending blueprint on april 8. with their work done, house members leave town today for a two week recess. while senators will remain in a marathon session until a vote on their own plan to fund the government. judy woodruff takes it from there. >> woodruff: for what's happening behind-the-scenes, we turn to todd zwillich, washington correspondent for "the takeaway" on public radio international. welcome back to the newshour. >> good to be with you, judy. >> woodruff: first this vote to keep the government funded by the end of the fiscal year, both the house and senate passed this. does this mean democrats and republicans finally see eye to eye on somethin
tumors in his mind like a flat tax which is regressive and ignorant wealth inexquality where the bottom 60% own 2.3%. i doubt jesus would tax them equally just as i doubt the gop would entertain a none-white politician with unserious ideas, but carson is enjoying the gop's version of affirmative action where black faces that can spit conservative game get raced to the front of the line because then people get to put a bumper sticker on their cars saying how can i be racist? i would have voted for cars be on which would fit nicely over the bumper sticker that said how can i be racist? i would have voted for cain. no matter how far from the political system they emerge from and no matter how unserious their ideas are because it's all make believe. none of them will ever get a nomination for the presidency just as the gop will never get black votes because the only thing they care about is winning and want the check or social needs of black people, but at the same time, imagine away, you guys. say you magically put me in the white house, but my brothers no magic is required to accomplish t
more african americans to register as donors. his leukemia taxed his t cells. still, he and his wife agree the prospect for a cure are encouraging. >> we are also lucky that we have amazing medical team. they're is hope for kevin. >> a hope because weston is waiting for a bone marrow transplant which now, gives him the best odds of survival. researchers say a relapse is possible so they'll have to wait and see. >> oakland city audit finds two city council memberses are live with the story. >> that is right. there are a number of details. the auditor accuses council members of interfering with the city administrative affairs. now, information was blurred because employees came forward in city hall. oakland mayor says some may see this as a black eye it seems things are working the way they're supposed to. oakland mayor kwan responded to a report released today that accuses counsel member read of breaking rules of the city charter. also accusation the auditor says they told city employees they should get a demolition contract for the army base. and putting people hand picked in key pos
and there might still be a tax on savings. it was rejected once but might be applied to big deposits. every move is controversial. these bank statue were blocking the roads today. they fear restructuring the banks will lead to layoffs. >> they fear they won't have a job. what do you think will happen? >> whatever is decided here will still have to win the approval of the eurozone and the i.m.f. in order for cyprus to receive a bailout. >> and the reports coming in tonight do suggest that as part of the new plan being debited by the cypriot pafrlment, it has agreed to create that pool for sate assets and giving the government more control on banks. i spoke with mark lowe. >> this looks from the outside a real mess. is it? >> a huge mess and few would have expected that the third smallest economy in the eurozone could have the messiest bailout of awful. a lot of eyes across europe will be on sip russ as m.p.'s are looking to rode vote on the much-talked about plan b. the vital rescue funds will be turned off monday. if that happens, cyprus could be forced to drop out of the europeo. a lot of unpre
francisco bay area. mobile innovations directly improve the tax experience in san francisco by being able to hail a cab through a smart phone, establish system, investing record sum of money over 200 million to improve local taxi service; the private market is working with great velocity. -- quite frankly we believe that city managed ehailing efforts will kill taxi innovation in san francisco. it one of the competitors rolled out a new feature would could concentrate new resources to bring that feature to market. since features are not defensible and supply would be controlled the only path to profitability for companies like taxi magic is price competition; overtimes eroded by the player who can afford to-- the sfmta can improve the taxi market by placing more caps on the street, working with existing technology providers. >> thank you. >> (calling names) >> good afternoon. >> also it's not going to be relevant to the subject, i thought we would be discussing the issue of having electronic weigh bills which is finished and done with, i want to express my opposition; we don't need anybody
with the most basic of spending cut and tax revenue frameworks was beyond the skill level of this congress there was another way to completely avoid the arbitrary cuts. >> we will be amongst the first on the floor to nullify that provision. scong not bound by this. it's something we passed. we can reverse it. >> i think we'll bypass the trigger mechanism. we'll say time out it doesn't apply. >> jon: all they had to do was go -- i get i. passing a budget can be hard but time out (bleep) is easy. that's why the founders in their infinite wisdom gave congress three timeouts per legislative session and one not it. [ laughter ] but it still happened. because congress as always its infinite wisdomming forgot how (bleep) incompetent they are. it was like they tied a belt around the neck and looped it over the shower curtain in the hopes that this pressure would somehow heighten the sensation of getting something done. [laughter] [cheers and applause] here is the thing. here is the thing that couldn't didn't realize. here is the thing about autoerotic asphyxiation. everybody thinks they can pull i
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